Summary -
Basement Flat,38 Osborne Villas,HOVE,BN3 2RB
BN3 2RB
1 bed 1 bath Residential Development
Turnkey Hove investment with immediate income and recent exterior overhaul.
Fully let three 1‑bed flats producing £39,000 pa (£3,250 pcm)
Potential market rent £43,200 pa (£1,200 pcm per flat)
Freehold Victorian mid‑terrace with period façade
Lower ground refurbished 2017; first floor refurbished 2024
Roof, front garden and communal redecoration recently completed
Two long‑standing tenants — tenancy terms may limit immediate rent rises
Small private outdoor area; limited expansion potential
Total size circa 1,451 sq ft; central Hove location, minutes to sea and station
This freehold mid-terraced Victorian building in the heart of Hove is arranged as three self-contained one‑bed flats, currently fully let and producing £39,000 per year. Recent investment to the property includes a lower ground refurbishment (2017), a first‑floor refresh in 2024, external and common parts redecoration, and roof and front‑garden works — meaning much of the immediate maintenance has been addressed.
The location is a clear income driver: ten minutes to Hove mainline station, five minutes to the seafront, and close to Church Road and George Street amenities. Each flat is compact and well presented, with contemporary kitchens and bathrooms and attractive period features externally, which supports continued tenant demand in this desirable area.
Occupationally this is a straightforward lettings asset for an investor seeking immediate cashflow and a hands‑off holding. It is offered as a single freehold lot, ideal for consolidation or further rent uplift — the vendor notes potential income of £43,200 pa if rents are aligned to market levels (£1,200 pcm per flat).
Be aware of two long‑standing tenants across the flats; existing tenancies may restrict immediate rent increases. The plot and private outdoor area are small, so there is limited scope for ground‑floor expansion. Interested buyers should review the data room and tenancy details for lease lengths, deposit status and any specific service or repair obligations.
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